| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w23165 |
| 来源ID | Working Paper 23165 |
| A Narrative Analysis of Mortgage Asset Purchases by Federal Agencies | |
| Andrew J. Fieldhouse; Karel Mertens | |
| 发表日期 | 2017-02-13 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | This paper provides a narrative analysis of regulatory policy changes affecting the purchases and holdings of mortgages and related securities of five US government entities over the 1968–2014 period. We focus on federal government policies that aim to influence the allocation and/or supply of residential mortgage credit. We use contemporary primary sources and various institutional histories to identify significant policy interventions, to document their economic and regulatory context, surrounding motives, and pertinent timing, as well as to quantify projected impacts on agencies’ mortgage holdings. Finally, we classify each significant policy change as either ‘cyclically motivated’ or ‘non-cyclically motivated.’ The results of the narrative analysis of federal housing credit policy changes yield a record of events that can be used as an instrumental variable for agency purchase activity. |
| 主题 | Macroeconomics ; Money and Interest Rates ; Financial Economics ; Financial Institutions ; History ; Financial History ; Regional and Urban Economics ; Real Estate |
| URL | https://www.nber.org/papers/w23165 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/580839 |
| 推荐引用方式 GB/T 7714 | Andrew J. Fieldhouse,Karel Mertens. A Narrative Analysis of Mortgage Asset Purchases by Federal Agencies. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w23165.pdf（896KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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